ARTIFICIAL INTELLIGENCE (AI) IN BIOTECHNOLOGY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America dominates the global AI in biotechnology market with an estimated market share of  41.2% in 2024. The region boasts robust pharmaceutical and biotech industry with presence of leading players like Pfizer, Merck, and Johnson & Johnson having their headquarters in the U.S. Government funding into R&D through organizations like NIH has created a highly conducive environment for innovation and adoption of emerging technologies like AI. Many startups working on applications of AI for drug discovery and development are based in America, attracting significant venture capital funding. Leading universities like Harvard and MIT are at the forefront of research involving machine and deep learning techniques for areas like protein modeling and genomic analysis.

Asia Pacific region has emerged as the fastest growing market for AI in biotechnology. Countries like China and India are witnessing exponential growth in their biotech industry with government initiatives promoting domestic innovation. While Western pharmaceutical companies have large manufacturing bases, Asian firms are increasingly investing more in basic research. This has boosted internal developmental activities and integration of AI tools. For example, Alibaba and Baidu, China-based companies, are investing heavily in AI assistants for predicting disease progression. Reduced operating costs and availability of programming talent attracts global biotech players to set up AI divisions in Asia to enhance research productivity. The region also serves as an important hub for contract research and manufacturing, utilizing AI for better analytics.